Trump's Patience with Iran Runs Out, Oil Prices Surge Over 1%

Bitget

News

汇通财经2026/05/15 05:59

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

On Friday, oil prices rose by more than 1%, mainly due to US President Trump stating that his patience with Iran is wearing thin. Although Iran claimed that around 30 vessels had already passed through the Strait of Hormuz, market concerns about attacks and detentions of ships persist.
As of 13:53, Brent crude oil futures had once surged 1.28% to $107.94 per barrel; US West Texas Intermediate (WTI) crude oil futures had once jumped 2.5% to $103.79 per barrel. Affected by uncertainty from the fragile ceasefire agreement in the Iran situation, Brent crude oil has surged nearly 7% this week, while WTI has risen by over 9%.
In an interview broadcast Thursday night local time on Fox News, Trump stated, "I won't have much more patience; they (Iran) should make a deal."
According to market analysts, as the major powers' summit failed to reach a substantial breakthrough on the Iran issue, market focus has shifted back to the stalemate and blockade of the strait, while tail risks from escalating military tensions still exist.
The Islamic Revolutionary Guard Corps of Iran reported that since Wednesday night, 30 vessels have passed through the strait. Although this figure is far below the pre-war daily volume of about 140 vessels, if confirmed, it represents a significant increase. Analysts at Haitong Futures noted that the main driver of oil prices remains tight supply. While vessel transit has partially eased market concerns, it is not enough to alter the upward trend driven by supply shortages.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Trump's Patience with Iran Runs Out, Oil Prices Surge Over 1%

You may also like

Crypto prices